Harvest Fund Management Co. Ltd lowered its stake in SPX Technologies, Inc. (NYSE:SPXC - Free Report) by 42.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the company's stock after selling 1,950 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in SPX Technologies were worth $383,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of SPXC. Mutual of America Capital Management LLC boosted its position in shares of SPX Technologies by 212.5% in the third quarter. Mutual of America Capital Management LLC now owns 23,744 shares of the company's stock worth $3,786,000 after buying an additional 16,145 shares during the period. Barclays PLC boosted its position in SPX Technologies by 299.0% during the 3rd quarter. Barclays PLC now owns 84,567 shares of the company's stock worth $13,485,000 after acquiring an additional 63,373 shares during the period. Geode Capital Management LLC grew its stake in SPX Technologies by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,033,825 shares of the company's stock valued at $164,888,000 after acquiring an additional 8,916 shares in the last quarter. Corsair Capital Management L.P. increased its holdings in shares of SPX Technologies by 80,185.2% in the 3rd quarter. Corsair Capital Management L.P. now owns 114,005 shares of the company's stock valued at $18,179,000 after purchasing an additional 113,863 shares during the period. Finally, Nordea Investment Management AB lifted its position in shares of SPX Technologies by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 365,583 shares of the company's stock worth $53,203,000 after purchasing an additional 17,324 shares in the last quarter. Institutional investors and hedge funds own 92.82% of the company's stock.
SPX Technologies Price Performance
Shares of SPXC traded up $0.10 during mid-day trading on Tuesday, reaching $139.43. The company had a trading volume of 162,908 shares, compared to its average volume of 256,735. The company's 50-day moving average is $144.18 and its 200-day moving average is $153.33. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.85 and a quick ratio of 1.19. SPX Technologies, Inc. has a twelve month low of $116.05 and a twelve month high of $183.83. The company has a market capitalization of $6.47 billion, a P/E ratio of 37.48, a P/E/G ratio of 1.33 and a beta of 1.26.
Wall Street Analyst Weigh In
SPXC has been the topic of a number of research reports. UBS Group dropped their price target on shares of SPX Technologies from $164.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Oppenheimer upgraded SPX Technologies from a "market perform" rating to an "outperform" rating and set a $165.00 price objective on the stock in a report on Wednesday, February 26th. Sidoti upgraded shares of SPX Technologies from a "neutral" rating to a "buy" rating in a research note on Wednesday, February 26th. Finally, Wolfe Research assumed coverage on shares of SPX Technologies in a research report on Monday, November 25th. They issued an "outperform" rating and a $199.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $174.75.
Check Out Our Latest Stock Analysis on SPXC
SPX Technologies Company Profile
(
Free Report)
SPX Technologies, Inc supplies infrastructure equipment serving the heating, ventilation, and cooling (HVAC); and detection and measurement markets worldwide. The company operates in two segments, HVAC and Detection and Measurement. The HVAC segment engineers, designs, manufactures, installs, and services package and process cooling products and engineered air movement solutions for the HVAC industrial and power generation markets, as well as boilers, heating, and ventilation products for the residential and commercial markets.
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